Powell raises expectations for rates going higher is he overreacting we shall see how bad they F this up at the cost of the American workers. If you have been following me for some time you know how I feel about this. It’s weird some still believe in a soft landing, after today those people need to pull their heads out of the sand. Neither side held back which led to some home runs for puts I really thought 399 would have held but it filled the bull gap from last week’s rally. Dollar strength could move higher which will draw down the market or is Powell’s committee hearing an overreaction for the market? Now tomorrow we have a very gloom day with ADP, JOLTS, crude oil inventories and of course the fatality move by J POWELL. I’m going for 394 tomorrow just my opinion not financial advice. Trade your plan, if you’re a novice to this type of market please sit out and watch the market react to the news, if you can listen to his speech you can watch the market react to key words that are built into the algorithm AI robots are fast af. Mainly be safe and protect your capital the market will always be there the next day so make sure your account is to. Below is a link to my recession rant
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
Comment:
Just realized on the chart I typed .619 everyone knows it’s the .618 I wanted to clear that up before the trolls show up lol
